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Assessment demands does not get stayed or vacated on filing of application before
Case Law Details
- Case Name
- ACIT Vs. Leonie M. Almeida (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Mumbai
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CASE LAWS DETAILS
DECIDED BY: ITAT, A BENCH MUMBAI,
IN THE CASE OF: ACIT Vs. Leonie M. Almeida, APPEAL NO: IT (SS) No. 256/M/2006, DECIDED ON: March 26, 2009
RELEVANT PARAGRAPH
4.2 Reverting to the issue raised, charge ability of interest in relation to demand raised in assessments is provided in section 220. The relevant sub section (2) is reproduced below as a ready reference.
(2) If the amount specified in any notice of demand under section 156 is not paid within the period limited under sub- section (l), the assessee shall be liable to pay simple interest at [one percent ...
